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1 (2021)

handle is hein.cbhear/fdsysbdfo0001 and id is 1 raw text is: AUTHENTICATED U.S. GOVERNMENT INFORMATION GPO TRANSPORTATION, HOUSING AND URBAN DE- VELOPMENT, AND RELATED AGENCIES AP- PROPRIATIONS FOR FISCAL YEAR 2022 THURSDAY, JUNE 10, 2021 U.S. SENATE, SUBCOMMITTEE OF THE COMMITTEE ON APPROPRIATIONS, Washington, DC. The subcommittee met, at 9:33 a.m. in room SD-192, Dirksen Senate Office Building, Hon. Brian Schatz (chairman) presiding. Present: Senators Schatz, Murray, Manchin, Van Hollen, Collins, Boozman, Hoeven, and Braun. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT STATEMENT OF HON. MARCIA FUDGE, SECRETARY OPENING STATEMENT OF SENATOR BRIAN SCHATZ Senator SCHATZ. This hearing will come to order. Secretary Fudge, it is a true pleasure to have you before the sub- committee to testify on the President's Budget Request for fiscal year 2022. I know this will be one of many opportunities for us to work together on HUD's needs, and the investments necessary to support HUD's mission. To that end, I hope we will be able to quickly come to a budget agreement to mark up this July. I am honored to continue the legacy that my friend Senator Col- lins has established for the subcommittee as a voice of unwavering support for the prevention of homelessness, the preservation of af- fordable housing, and the advancement of economic development for disadvantaged communities. Each of these pillars of housing policy is also reflected in the President's budget request for $68.7 billion. This is an honest and clean request that avoids previous gim- micks to eliminate popular programs like CDBG and HOME as a budgetary offset because, frankly, these are hugely popular pro- grams that create real change in communities that have experi- enced the toughest of times. While the total request is an increase of $9 billion, $3.7 billion of that is needed to preserve the existing affordable housing port- folio. This is the highest 1 year increase to renewal needs ever. Market-rate rents continue to rise and the impact of COVID on jobs continue to wreak havoc on tenant income. This is an impor- tant reminder of why we need the American Jobs Plan. We need to get people back to work, and housing needs to be part of those priorities. (1)

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